Bao Erye, whose original name is Guo Hongcai, was born in an ordinary family in Pingyao, Shanxi. His father and grandfather were both small businessmen. Although Guo Hongcai was smart, his academic performance was not outstanding. He only scored more than 300 points in the college entrance examination in 2003 and failed to enter university. When he was working, he sold beef in Pingyao. At that time, Guo Hongcai was not called Bao Erye, but was just the head of the sales department of Pingyao Beef Group Co., Ltd. However, he already had a "technical vision" at that time and knew how to sell beef through e-commerce.
In order to learn technology, he came to prosperous Beijing, but accidentally came into contact with Bitcoin. He boarded this rising wealth rocket and embarked on the road to counterattack.
When Bao Erye first met Bitcoin, he had to thank its guide Li Xiaolai. At that time, Garage Coffee was the main place to promote Bitcoin, and many bigwigs gave lectures there. Li Xiaolai was one of the guests. After listening to Li Xiaolai's lecture, Bao Erye's wife Jin Yangyang decisively bought hundreds of thousands of RMB worth of Bitcoin at a price of 500 RMB per coin.
When Guo Hongcai found out that his wife had spent a large amount of money to buy Bitcoin, he panicked and thought his wife had been fooled by a pyramid scheme. He asked her to sell it quickly, but his wife seemed to have been brainwashed and refused to sell it. So Guo Hongcai and his wife made an appointment with Li Xiaolai. Unexpectedly, he was also slowly "brainwashed" and gradually began to believe that Bitcoin was a good thing and could make money. He decided to give up the beef business, switch to full-time research on Bitcoin, and start "all in".
In 2014, Bao Erye built the world's largest Bitcoin mine in Inner Mongolia. From a distance, the mine looks like a chicken farm, and it is full of Bitcoin mining machines. It consumes about 500,000 yuan of electricity every day and can produce 100 Bitcoins at that time.
Let's talk about the love-hate relationship between Bao Erye and the great talent Wu Jihan. Bao Erye and Wu Jihan were both shareholders of Friedcat, but later Wu Jihan and Friedcat broke up because of differences in opinion. Bao Erye said that he heard it from hearsay, but it was almost true. Later, Wu Jihan founded Bitmain and started to produce Antminers. At that time, Bitmain launched joint mining, which brought Bao Erye and Wu Jihan together again. Because of the high energy consumption of the mining machine, Wu Jihan hoped to reduce the electricity bill. The two disagreed and conflicts arose. The mine worth 20 million yuan was sent away by Wu Jihan for 4 million yuan. Whenever he thought of this, Bao Erye said: "I am unhappy in various ways. I feel like someone is riding on my neck and shitting. I scolded everyone. I want to expose the improper behavior of Bitmain and Wu Jihan, but I have to forgive others.
The dramatic scene is that Bao Erye failed to mine, so he took the money and bet on Ethereum. As a result, Ethereum rose 200 times in 2017. Bao Erye was overjoyed. All the grudges and hatreds disappeared in front of wealth. In Chengdu, he said to Wu Jihan, "Brother, I have to thank you. When you occupied my mining farm, I bought Ethereum with the money and made a lot of money."
Bao Erye has always been famous in the cryptocurrency circle for his vicious, vulgar and straightforward remarks. He has never concealed his image of a "nouveau riche" who shows off his wealth. Because Bao Erye believes that the culture in the cryptocurrency circle is grassroots culture and loser culture, he uses a very simple marketing model and the most vulgar way to make everyone remember it - "Blow up the bragging first, what if it comes true?"
In 2017, ICO became a hot project in the world. As long as many projects publish white papers, their project tokens will usher in a tenfold or a hundredfold growth. If these projects want to enter the Chinese market, they need to be endorsed by celebrities in the cryptocurrency circle. After Bao Erye borrowed his own investment fund, he helped various projects everywhere. In three months, he did more than 30 projects, with a total market value of more than 400 million. As the number of winners increased, investors' favorability towards Bao Erye increased further, and gradually formed a reputation among the grassroots investors. As a result, everyone began to form a kind of thinking inertia: as long as the project is supported by Bao Erye, it is a good project.
Guo Hongcai is a vulgar person. He even publicly announced that he does not invest, but only endorses the projects. The endorsement fee is 1%. He also does not hide the fact that he does not know much about the projects he endorses: "I endorse those projects without even investigating them."
After a bear market that lasted for half a year, everyone began to find that the original investment method was no longer effective. No matter how Bao Erye supported it, the currency price continued to plummet. Some projects broke their issue prices, some went back to zero, and more projects stagnated. Investors at this time had a sudden realization, and many people in the currency circle began to have more concerns about the projects supported by Guo Hongcai.
Amidst numerous doubts, Bao Erye established the "Huangpu Military Academy of the Cryptocurrency Circle" in August of the same year, aiming to find excellent ICO projects and drive grassroots entrepreneurship. However, this turned out to be a mess. It was not until September that seven ministries and commissions issued a regulatory document, and Guo Hong stopped supporting various projects.
After quitting the platform, Bao Erye started making money in other ways, such as boasting, forking, and running away. In the first half of 2018, the FT of FCoin promoted by Bao Erye ended up plummeting by 95%, and its forked Bitcoin God also fell by more than 98%. Soon after, Bao Erye ran away to the United States.
In the United States, Bao Erye loves to show off his wealth more and more, and his dreams of "living in a luxury house and driving a luxury car" have also come true.
There was a rumor in the underworld: There is Li Xiaolai in the north of China and Guo Hongcai in the south. Later, people in the circle changed it to: If Li Xiaolai is arrested, there is still Guo Hongcai.
Although people in the industry have mixed opinions about Guo Hongcai, some people praise his "easy and straightforward nature", while others think he is just a "nouveau riche who is good at harvesting leeks", but it is undeniable that Guo Hongcai has obviously caught the wave of development in the Bitcoin blockchain industry and successfully staged a drama of a loser's counterattack in reality, turning him from a grassroots beef seller into a "successful person" in the Bitcoin blockchain industry. #strk #BTC #WLD
